14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM
Log in
Business

Cashless Day 2021 opens in Hanoi

The kick-off ceremony for the event, themed "A smart touch - Stimulate shopping demand", draws a number of local businesses and consumers.

The Cashless Day 2021 event is open in Hanoi, with the aim to promote the habit of using non-cash payment as well as stimulate consumer demand.

It also targeted retaining the city’s second position in the national annual E-Commerce Index.

The kickoff ceremony of the event "Cashless Day 2021". HNT Photo
Addressing at the event, Tran Thi Phuong Lan, Acting Director of Hanoi Department of Industry and Trade said: The event will focus on introducing the benefits of cashless payment for local consumers making payment at shopping centers, supermarkets, and convenience store chains as well as paying bills of electricity, water, telecommunications, and healthcare in the city.

The Hanoi Department of Industry and Trade hoped that a series of events will attract a large number of people and foster cashless payment when trading and shopping, giving businesses more incentive to promote e-commerce development, she added.

Since the pandemic began, consumers' shopping and payment habits have altered dramatically, according to Dang Tuyet Dung, Country Managef for Visa Vietnam and Laos.

The reasons why customers choose contactless and online payment are convenience, speed, and safety against the complicated pandemic developments. This has encouraged Visa and its network of card issuers and point of sale providers to keep innovating and spreading digital payments to increase the customer experience and bring the country closer to a cashless society, Dung said.

Vu Thi Minh Tu, Director of External Relations at Lazada Vietnam, said the e-commerce platform has seen growth in term of the number using cashless payments to more than 30% per month since April.

“We will continue to work closely with partners to establish new cooperation projects for boosting the development of e-payments and the digital economy”, she said.

Nguyen Thi Minh Huyen, Deputy Director of the Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade, stated this was a significant event not only for the banking sector but also for other industries, such as e-commerce.

Last year, a series of activities known as "Cashless Day" and "Hanoi Promotion Month" drew millions of people to experience and purchase at promotional spots over one month. The event attracted more than 660,000 customers at more than 2,000 promotion points such as Pico and Big C supermarket in the city in two days.

During the two-day event, the total revenue was estimated at more than VND300 billion (US$13.3 million) while the promotional value for consumers reached nearly VND50 billion ($22 million).

Some shopping centers and supermarkets recorded a sharp increase in the number of shoppers and revenue compared to weekdays.

BigC Thang Long supermarket in Cau Giay District saw an rise by 200% in revenue and 220% in visitors. Pico electronics supermarket sales went up by more than 100%, the number of customers increased by 200%.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam commits 3% budget to turbocharge AI and data economy

Vietnam commits 3% budget to turbocharge AI and data economy

At least 3% of state budget spending will fund digital transformation, accelerating Vietnam’s shift toward a data-driven and AI-powered economy.

From labor-intensive to high-tech: Hanoi retrains for global edge

From labor-intensive to high-tech: Hanoi retrains for global edge

Raising the skill standards of high-tech workers is emerging as a decisive factor in strengthening Hanoi’s competitiveness as the capital accelerates its shift toward a knowledge-based industrial economy.

Hanoi craft villages resume production early, aiming for growth in 2026

Hanoi craft villages resume production early, aiming for growth in 2026

After the Lunar New Year break, Hanoi’s traditional craft villages have quickly resumed production, fulfilled orders and prepared for new markets while blending heritage craftsmanship with modern technology to strengthen competitiveness and sustain growth in 2026.

Vietnam stock market poised for post-Tet gains

Vietnam stock market poised for post-Tet gains

The post-Tet period often presents attractive opportunities for investors in the following months.

Spring Fair draws 500,000 visits, elevates Vietnamese brands nationwide

Spring Fair draws 500,000 visits, elevates Vietnamese brands nationwide

Drawing large crowds and strong commercial momentum, the 2026 Spring Fair turned Hanoi into a vibrant showcase of Vietnamese products, culture and innovation, where shopping met heritage experiences and businesses forged valuable partnerships.

Firms seek clearer policy framework for new tech, digital platforms

Firms seek clearer policy framework for new tech, digital platforms

Hanoi’s tech firms are calling for clearer demand mechanisms and transparent evaluation as the city pilots its Technology Exchange and Digital Transformation Market to boost commercialization, innovation and digital growth.

Vietnam Airlines to open first nonstop Hanoi-Amsterdam route to enhance Europe ties

Vietnam Airlines to open first nonstop Hanoi-Amsterdam route to enhance Europe ties

The move aims to open a new gateway to Europe and advance the national flag carrier’s strategy to expand its European network.

Vietnamese goods reach rural areas through Tet fairs

Vietnamese goods reach rural areas through Tet fairs

Hanoi is intensifying communication and outreach for the “Vietnamese people prioritize using Vietnamese goods” campaign to boost consumption ahead of Tet, the country’s most important holiday.